49 North Resources has reported that Allstar Energy, its 100% owned subsidiary, has effectively re-entered the second well at its Riverside lands, purchased by Crown in Saskatchewan. Heavy oil has been produced in the well at a steady rate of 60-70 barrels of oil per day (bopd).
According to Allstar’s CEO and President, Mr. Ashley Drobot, targeted formation has been executing beyond preliminary expectations after eliminating the deserted plug and preparing the well bore for pumping. The first 24-hr pump tests were previously carried out at the second well, similar to the first re-entry well during the campaign. Then, the second well was eventually limited and generated a steady rate of about 60-70 bopd. Recently, Allstar raised this well’s pump rate to about 100 bopd as a result of favourable fluid and pressure levels in the well bore.
Extensive land base has placed Allstar as a leading firm to develop the wide heavy oil prospect. Allstar has integrated new pumping equipment and techniques, which have demonstrated to greatly enhance production and operations over former activities in the region.
The adjacent Mantario oil field, which is located 20 km towards the northern part of the Riverside property, has been generating heavy oil since the early 1990s together with increasing production of more than 47 M bopd. Oil is continuously generated in the fields through secondary recovery methods like polymer and water flooding.
Currently, Allstar has about 31,360 ac, collectively called as the Riverside properties, near Saskatchewan. The company possesses exclusive permits for exploration and expansion, wherein the permits enclose about 58,000 ac of highly potential heavy oil, Viking oil and Viking gas land areas situated in West Central Saskatchewan.
Source: http://www.fnr.ca/